10 Waldau Court, Doncaster, has sold for $3.08m to a man planning to move his mum and mother-in-law into the property together.
A Toorak man has paid $680,000 more than the reserve for Doncaster’s oldest home, so his mum and mother-in-law can move into it together.
The result was a huge windfall for the descendants of those who built the cottage in 1853, ending their family’s connection with it almost 170 years later.
The $3.08m sale even smashed a multimillion-dollar pre-auction bid from the City of Manningham to buy the 10 Waldau Court property adjoining Ruffey Lake Park.
RELATED: What income you need to earn to own in every Melbourne suburb
Mt Macedon: Period ‘Fairyland garden’ sanctuary with temple has $10m-$11m price tag
Brighton: Late 7-Eleven co-owner Beverley Barlow’s mansion with 12-car garage for sale
The council had owned the property for a few years in the 1980s, but sold it back to the current vendors.
Kay & Burton executive director Scott Patterson called the private auction that started with a $1.88m opening bid and was called on the market at $2.4m with three parties bidding.
Mr Patterson said another two buyers, including the council, were outbid before making an offer under the hammer.
Period features abound throughout the 1853-built property.
Auctioneer Scott Patterson calls the sale of the Waldau Court home with Ruffey Lake Park in the background.
“The buyer was a fellow from Toorak who has bought it for his mother-in-law and his mother to live together,” he said. “I have never seen that. But my immediate reaction was that he is a very astute person.”
Mr Patterson added that one of the underbidders had been in tears after missing out, and noted that the property was as rare as they came.
“But I think it has gone to the right people, who have undertaken to carry on the curatorship there,” he said.
The heritage property features a number of barns and outbuildings, and is set on a substantial 4048sq m allotment.
The property is one of the suburb’s largest at 4048sq m.
Extensive gardens surround the house and its heritage protected barns.
Known as Friedensruh it is considered a contemporary of illustrious Melbourne addresses including Invergowrie in Hawthorn, which sold last year for more than $40m.
Sign up to the Herald Sun Weekly Real Estate Update. Click here to get the latest Victorian property market news delivered direct to your inbox.
MORE: Two luxe South Yarra mansions up for grabs with $15m+ price hopes
Dane Swan property journey: From rent free ride for former teammate to house goals
Four-level Richmond pad the Taj Mahal of warehouse conversions
